Urban Outfitters Inc. (NASDAQ: URBN) shares rallied on Tuesday, gaining nearly 7 percent after specialty retailer in its regulatory filing said that its same-store-sales in the fourth quarter so far were up in the high-single-digit percentage—which was above analysts’ consensual estimate.
Shares of Apparel company, Perry Ellis International Inc. (NASDAQ: PERY) climbed almost 6 percent after the company after the company announced a special dividend of $1 a share to be paid on Dec. 28.
Despite reporting better-than-expected fiscal third quarter results, shares of Dollar General Corp. (NYSE: DG) plunged 5 percent after the discount retailer provided cautious outlook.
For the third quarter, profit stood at $207.7 million or 62 cents a share compared to $171.2 million or 50 cents a share, in the year earlier quarter.
Excluding onetime expenses or earnings on non-GAAP basis came at 63 cents a share, beating analysts’ consensual forecast of 60 cents a share. Sales during the period climbed 10.3 percent to $ 3.96 billion, in line with Street’s expectation. Same-store-sales, a key gauge on retailer’s performance—increased 4 percent from the year earlier quarter. Just few day ago, Dollar General’s rival, Big Lots Inc. (NYSE: BIG) had announced a loss of 10 cents a share in the fiscal third quarter compared to earnings of 6 cents a share, in the corresponding period of last year.
TNS Inc. (NYSE: TNS) shares skyrocketed 43 percent after the networking and data communication management company said that it has agreed to be bought by investor group led by Siris Capital Group in all cash deal estimated at $516 million.
Tripadvisor Inc. (NASDAQ: TRIP) shares rallied over 6 percent on Tuesday after Liberty Interactive said it has acquired voting control of the online travel information company. Liberty said it purchased 4.8 million shares of Tripadvisor’s stock, for $62.50 a share, in a deal estimated at $300 million. Liberty bought the shares from Barry Diller and the Diller-von Furstenberg Family Foundation. According to the deal, Diller will quit as Tripadvisor’s chairman.
Somaxon Pharmaceuticals, Inc. (NASDAQ:SOMX) shares leaped 70 percent on Tuesday after both Pernix Therapeutics Holdings, Inc. (NYSE: PTX) and Somaxon Pharmaceuticals announced today they have entered into a definitive merger agreement which would allow Pernix to acquire Somaxon in a stock-for-stock transaction with a total equity value estimated at $25 million.
WebMD Health Corp. (NASDAQ:WBMD) shares climbed 10 percent after the company announced that it will be slashing 250 jobs or 14 percent of its entire headcount. The Company said that downsizing would help savings of $45 million annually. The company will take a change of $6 million to $8 million against restructuring charges. Shares of WBMD have been trading near 54 weeks low as company has consistently delivered series of weak quarterly results.
Texas Instruments Incorporated (NASDAQ: TXN) shares gained 3.60 percent after the company slightly raised its outlook on fiscal fourth quarter earnings (on NON GAAP basis). The Company also raised its lower range of its original revenue guidance but lowered higher end of its initial revenue guidance. However, the midpoint of its new range on revenue guidance is short of Street’s estimate.
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